Coppell Advisory Solutions LLC Increases Stock Holdings in Rithm Capital Corp. $RITM

Key Points

• Coppell Advisory Solutions LLC has significantly increased its shares in Rithm Capital Corp. by 2,933.6%, adding 27,077 shares to its holdings during the first quarter, now totaling 28,000 shares valued at $321,000.
• Rithm Capital recently reported earnings of $0.54 per share, exceeding analysts' expectations of $0.51, with revenue reaching $1.22 billion against an anticipated $1.18 billion.
• The company declared a quarterly dividend of $0.25 per share, yielding roughly 8.0%, with a payout ratio currently at 76.92%.

Coppell Advisory Solutions LLC raised its holdings in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 2,933.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,000 shares of the real estate investment trust's stock after purchasing an additional 27,077 shares during the quarter. Coppell Advisory Solutions LLC's holdings in Rithm Capital were worth $321,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SouthState Corp bought a new stake in shares of Rithm Capital in the 1st quarter worth $25,000. Fourth Dimension Wealth LLC grew its stake in shares of Rithm Capital by 50.0% in the 1st quarter. Fourth Dimension Wealth LLC now owns 3,000 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 1,000 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Rithm Capital in the 1st quarter worth $57,000. Quent Capital LLC grew its stake in shares of Rithm Capital by 58.6% in the 1st quarter. Quent Capital LLC now owns 5,465 shares of the real estate investment trust's stock worth $63,000 after acquiring an additional 2,019 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Rithm Capital by 25.5% in the 1st quarter. CWM LLC now owns 6,046 shares of the real estate investment trust's stock worth $69,000 after acquiring an additional 1,228 shares in the last quarter. Institutional investors own 44.92% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Rithm Capital from $13.50 to $14.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Wedbush reissued an "outperform" rating and issued a $14.00 price target on shares of Rithm Capital in a report on Wednesday, August 6th. UBS Group boosted their price target on shares of Rithm Capital from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Royal Bank Of Canada boosted their price target on shares of Rithm Capital from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Jones Trading boosted their price target on shares of Rithm Capital from $12.50 to $13.50 and gave the stock a "buy" rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat.com, Rithm Capital has a consensus rating of "Buy" and a consensus target price of $14.25.

Rithm Capital Stock Performance

NYSE RITM traded down $0.16 during trading on Friday, hitting $12.38. 5,032,203 shares of the company's stock traded hands, compared to its average volume of 4,262,563. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 9.52 and a beta of 1.30. Rithm Capital Corp. has a 12-month low of $9.13 and a 12-month high of $12.74. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.40 and a current ratio of 0.40. The business has a 50 day moving average of $12.20 and a 200-day moving average of $11.53.

Rithm Capital (NYSE:RITM - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Rithm Capital had a net margin of 16.72% and a return on equity of 18.89%. As a group, equities research analysts anticipate that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 8.1%. Rithm Capital's dividend payout ratio is 76.92%.

Rithm Capital Company Profile

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments.